Number of Facebook Employees 2022/2023: Compensation, Tenure & Perks - Financesonline.com (2022)

What is the number of Facebook employees?

Facebook has 58,604 full-time employees as of December 2020. The figure covers all 82 Facebook locations worldwide. Facebook’s Menlo Park headquarters employs 15,000 workers based on 2018 records and has plans to hire up to 35,000 for its Bay Area facility.

Source: Statista, 2021

The leading social network has nearly 50,000 full-time workers spread globally. More than 60% of Facebook employees are located outside of the US. There are 82 Facebook offices across in North America, Latin America, Asia-Pacific, Africa, and the Middle East (Facebook, 2021).

Employee retention at Facebook is high with employees staying 2.3 years on average (Levitsky, 2020). One factor that contributes to lower employee attrition rates is the compensation and benefits package offered by the company.

For all the positive praise for Facebook’s progressive labor practices, there is still criticism, particularly in the areas of gender and ethnic equality in its workforce.

This article explores the number of full-time Facebook employees, compensation, rate of attrition, and employee demographics based on gender and race by digging deep into the categories below:

Number of Facebook Employees Table of Contents

  1. Facebook Employment Facts
  2. Facebook Employee Compensation
  3. What is Mark Zuckerberg’s Salary
  4. Facebook Tenure and Employee Attrition Rates
  5. Facebook Hiring Process
  6. Facebook Employment Perks and Other Benefits
  1. What are the employee benefits at Facebook?
  2. How many Facebook employees became millionaires?
  3. Facebook Employee Demographics
  4. Facebook’s female employees
  5. Facebook employee gender ratio
  6. Facebook employees’ ethnicity

Facebook Employment Facts

How many employees work at Facebook?

Facebook claims 44,942 full-time employees in its labor force. The social network titan boasts of 3,142 jobs spread out in 23 teams in its 82 offices across the globe. The biggest growth jump in employees was in 2006 where worker numbers jumped 900% to 450 employees from 150 in the previous year. The employment growth rate grew at an average of 44.34%. The rate has since slowed down 26.29% for 2019.

Employees in Menlo Park

Facebook’s headquarters in 1 Hacker Way is in the middle of a housing and mixed-use real estate project (van Romburgh, 2019). The 59-acre project aims to provide housing for Facebook’s over 15,000-strong local Menlo Park employees. The social media giant plans to create 1,500 permanent housing, 225 of which will be affordable.

Sky-rocketing housing costs are a common complaint among employees in the Silicon Valley area where the average monthly rent for a 2-bedroom apartment is between $2.500 to $4.500. The figure will easily cut into Facebook’s generous annual compensation of $120,000.

How many jobs did Facebook create?

Facebook claimed to have generated 450,000 jobs in Europe and in the US, based on studies released prior to the launch of the IPO. There were two versions of the study. The University of Maryland’s Business School did a study that claimed the social network generated over 235,644 jobs in the US, jobs in app and software companies. A similar study from Deloitte claims 232,000 jobs were generated from likes and engagement on Facebook business pages (Aguilar, 2014).

The news was met with skepticism from some sectors as Facebook only had 3,200 employees at the time of the studies’ release. Another point of contention was Facebook’s role in both studies; the data was supplied by Facebook and the Deloitte research was commissioned by Facebook itself.

Facebook Employee Compensation

Facebook is ranked the fifth largest Silicon Valley employer and pays above-average starting salaries. Annual base compensation starts at $120,000–$130,000 while total compensation packages are at a median of $150,000–$155,000.

It has consistently placed in the top ten rankings of Glassdoor’s annual Best Places to Work poll; placing first on several occasions, the last was in 2018. Facebook has since dropped to 11th place in the 2021 rankings (Glassdoor, 2021).

What is Mark Zuckerberg’s salary?

Facebook’s generous starting packages for interns range from $6,600–$9,500 per month, plus a bunch of other perks. At these starting rates, one wonders, “how much does Mark Zuckerberg make?” The Facebook CEO makes a dollar a year and joins Elon Musk of Tesla, Evan Spiegel of Snapchat, and Larry Page of Google in the $1 club (Crockett, 2019).

The $1 annual salary is mostly symbolic as these CEOs tend to earn compensation through other forms. In Mark Zuckerberg’s case, he earned a dollar in annual salaries, plus $23.4 million in other compensation for 2019 (Paycheck, 2021). He also owns 12.18 million Class A shares and 365.72 million Class B shares. Class A shares are common stocks ordinary people could own while Class B stocks, of which Zuckerberg owns 88.1% of, are shares with board voting rights.

With a net worth of $72 billion as of 2020, Zuckerberg can afford to live off his 1-dollar a year salary.

Source: Facebook; Morningstar

What is the average salary of a Facebook employee?

Facebook’s base compensation starts at $123,000 annually (Payscale, 2021); interns start at $6,700 a month according to Glassdoor (Glassdoor, 2021). Engineer positions are estimated to start in the $8,000–$10,000 range and data scientists are at the $12,000–$15,000 monthly. Additional benefits—health insurance, parental leave, relocation packages, among other things—increase total compensation value to about $155,000 a year.

Facebook Tenure and Employee Attrition Rates

Since ranking first place as the best place to work in 2018, Facebook has fallen 22 spots in 2020 rankings. A lucrative compensation and benefits package does not always equal employee loyalty. The average Facebook employee tenure is 2.3 years with an attrition rate of 5%.

Terrible managers and a heavy workload are the top reasons why employees leave a company; a lack of a clear management approach and leadership are applicable in Facebook’s case. The series of data leaks and other scandals that have plagued the company in 2018 and the responses to the aforementioned have caused Zuckerberg’s CEO rankings to drop below the top 50 and employees to be demoralized (Lapowsky, 2018).

Is Facebook a good place to work?

The high-energy startup vibe of tech companies like Facebook makes it attractive to interns trying to establish a career in Silicon Valley and tech veterans. Facebook is a good fit for both but criticisms, ranging from ageism to a lack of privacy and personal space in the open workspaces, to the inability to separate personal life from work life, have caused low morale among employees. This dissatisfaction has manifested in unfavorable reviews—anonymously posted and otherwise—on online forums Reddit, Quora, and the like.

How many employees did Facebook have when it went public?

The company had seven employees when Facebook launched in 2004. By the time Facebook launched its IPO, the workforce has grown to over 3,200.

Facebook employee turnover

Facebook has a low turnover rate of 5% and an average employee tenure between two to two and a half years. The year 2018 saw a rise in employee attrition rates when the company was dealing with backlash from user data leaks, management’s delayed response in dealing with the fallout, and several congressional hearings on fact-checking political ads and use of user data without owner consent.

Facebook Hiring Process

In a study ranking the top Silicon Valley employers, Facebook placed fifth on the list and now boasts a local employee headcount of over 15,000, making the company enticing to job hunters (Downey, 2019). So enticing that Facebook is said to receive over 250,000 applications a year, not counting inside referrals.

Source: Silicon Valley Business Journal, 2020

Similar to other multinational corporations, Facebook has a layered hiring process with three interviews to hurdle. The process is straightforward. Prospective employees send their resumes—either through a recruiter or through Facebook itself (Facebook Careers, 2021). Should the resume meet the hiring requirement, a Facebook recruiter will conduct a preliminary phone interview. A second phone interview follows with a team manager for the unit that’s hiring to check for role suitability. This progresses to an in-person interview and a visit to Facebook HQ (or where ever the Facebook office location is). A review of the application will be done and if the candidate is a good fit, an offer will be proposed.

How long is the interview process at Facebook?

As previously mentioned, Facebook has three possible interviews in its hiring process. The actual length will vary depending on the position and Facebook location applied at. With the volume of job applications Facebook goes through, the process usually takes three to four weeks with a few days to a week in between interviews.

Does Facebook send rejection emails?

The Facebook hiring team takes a week or two to go over hiring notes and input from all the managers a prospective employee interviewed with and the feedback from the candidate. Depending on the location or the hiring manager, the candidate will receive a call or an email to notify whether he or she got in or not, and advised when they could try again should they still be interested.

How often can you apply to Facebook?

Facebook’s recruitment and hiring policy recommend a one-year wait in-between applications. The reasoning for this is for the candidate to learn new skills and improve from experience. There is also a three-job application limit to ensure prospective employees who apply have core skills and are a good fit for the position applied for.

Facebook Employment Perks and Other Benefits

A good starting salary in Silicon Valley is usually matched with perks routinely described as impressive. VMware lets employees take two-day bereavement leave for the death of a pet and Airbnb gives an annual $2,000 allowance, which employees can use to check in to any listing around the world.

As for Facebook, some of the perks available to its employees include on-site laundry, all-day free meals and snacks, gym memberships or equivalent health programs, and valet parking (at Menlo Park), plus charging outlets for electric cars, among other things.

The compensation and benefits package is tempting but there is also the criticism that it only profits a few at the top, leaving others to fend for themselves (Wong, 2017).

What are the employee benefits at Facebook?

The social network’s employee benefits are numerous. It starts with a holistic health and wellness package that includes coverage for autism, transgender, and mental health issues. There is also a flexible spending account for dependent care and healthcare expenses (Facebook, 2021).

Additional monetary benefits that employees receive include equity incentive plans, restricted stock units, and performance bonuses.

What sets Facebook apart and what it excels in are family-oriented benefits like its caregiving program—extended leaves to take care of ill family members has been added as well as 20 days of bereavement leave.

Insurance, Health & WellnessFinancial & RetirementFamily & ParentingVacation & Time OffPerks & DiscountsProfessional Support
Health Insurance401K PlanMaternity & Paternity leaveVacation & PTOEmployee Discount CardDiversity Program
Dental InsuranceRetirement PlanDependent careSick DaysFree lunch or SnacksJob Training
Flexible Spending Account (FSA)Performance BonusChildcarePaid HolidaysEmployee Assistance ProgramProfessional Development
Vision InsuranceRestricted Stock Units (RSU)Baby BonusBereavement LeaveGym Membership
Health InsuranceFamily Medical LeaveCommuter Checks & Assistance
On-Site Health CareMobile Phone Discount
Mental Health careCompany Social Events

Do Facebook employees get stock?

Facebook employees get restricted stock units (RSU). RSUs keep their value, unlike stocks that fluctuate in the market; RSUs can be sold after four years. Facebook has the option to buy back RSUs from their employees at the same price it was issued, regardless of price drops.

Stock options were no longer an option prior to the company’s IPO in 2012. In fact, Facebook started offering RSUs to employees in 2007 to avoid diluting ownership and going over the 500 shareholder limit allowed by SEC to keep company financials private.

What is the company culture at Facebook?

Facebook’s company page touts a progressive and inclusionary workplace accepting of diverse backgrounds. Reviews on Glassdoor and Indeed are often positive. There is occasional dissent from former employees, describing the atmosphere as cult-like and intense. But nothing too scandalous to merit national headlines.

Facebook turned 17 and with age comes growth and maturity. The company isn’t a startup anymore and has dealt with its share of failures. It has also improved where it is lacking; addressing changes in employee benefits, affordable housing concerns, and equality and diversity in its employees.

How many Facebook employees became millionaires?

There is no exact data on how many of Facebook’s employees became millionaires after the IPO. The claim “Facebook will create 1,000 millionaires” became a catchphrase to describe the IPO fever that swept the tech world in the days leading to Facebook going public.

The bigger names from the company’s roster did become millionaires, billionaires for some. Leading the list of billionaires are the founders who built the website from the ground up—Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin, and Chris Hughes (Hughes, 2019).

Source: Business Insider

Employees in smaller roles when Facebook launched its IPO experienced windfalls but did not quite reach millionaire status. Antonio Garcia Martinez, a former product manager at Facebook wrote of his time in the company (García Martínez, 2021). He recalls the onslaught of luxury cars popping up in the office parking lots and four-digit restaurant bills after Facebook went public.

Facebook Employee Demographics

The average age of a Facebook user is between the ages of 18–24 years old in its early years. The user base has grown with the company with current worldwide user stats placing the average user age between 25–34 years old.

Employee age is closer to current user statistics–fresh off college or millennial. While the gender divide is still far from equal, Facebook is taking steps to address the unequal gender representation among its employees.

Facebook average employee age

Origin stories for legendary tech companies follow the pattern of a young, nerdy outsider coding their way to millions in their dorm room or their parents’ garage. Silicon Valley is filled with these young tech workers. How young?

One study comparing the median age of employees at various tech companies showed Facebook has one of the youngest employee median age among tech companies. The median age for Facebook employees is 28. The oldest in the range is 39 (Payscale, 2016).

Facebook’s female board members

The skew between male and female employees and leaders in tech has been raised many times in the discussion of gender inequality in the workplace. The imbalance is strongly felt in the tech industry. Attempts have been made to address the imbalance not just in Silicon Valley but across all sectors. Facebook appointed two female directors to its board, bringing the number of female board directors to 40% (Bursztynsky, 2020).

Facebook employee gender ratio

Facebook has been tracking its employee gender equality since 2014. The results are dismal—women make up only a third of the total global Facebook workforce.

The numbers are slowly increasing; the proportion is climbing gradually but it may take longer to equalize.

The disparity is most felt in the tech department where women make up less than 25% of the employee count. The business and sales department has reverse-inequality; women outnumber the men three to one.

Source: Facebook

Facebook employees’ ethnicity

The Facebook Diversity Report for 2020 focused on increasing employment and representation for women and other underrepresented groups, as well as assisting vulnerable communities impacted by the COVID-19 pandemic (Williams, 2020).

White employees make up more than 40% of employee numbers followed closely by Asians at just over 30%. The remaining is composed of Blacks, Hispanics, and mixed races (Williams, 2020).

Source: Facebook, 2020

Similar to the trend in gender gap, which is gradually decreasing, the same can be observed in employees’ ethnicity as the share of employees with ethnicity other than white grows.

Source: Statista, 2021

References:

  1. Aguilar, A. (2014). The global economic impact of Facebook. Deloitte.
  2. Bursztynsky, J. (2020, March 9). Facebook names two women to its board, nearing gender parity. CNBC.
  3. Crockett, Z. (2019, December 8). Why some of America’s top CEOs take a $1 salary. The Hustle.
  4. Downey, R. (2019, August 2). Largest Silicon Valley employers. BizJournals.
  5. Facebook. (2021). Company info. Facebook.
  6. Facebook. (2021). Facebook benefits. Facebook Careers.
  7. Facebook. (2021). Facebook life. Facebook Careers.
  8. García Martínez, A. (2021). Chaos Monkeys. Antonio García Martínez.
  9. Glassdoor. (2021). 2021 best places to work. Glassdoor.
  10. Glassdoor. (2021). Facebook salaries. Glassdoor.
  11. Hughes, C. (2019, May 9). It’s time to break up Facebook. New York Times.
  12. Lapowsky, I. (2018, December 20). The 21 (and counting) biggest Facebook scandals of 2018. Wired.
  13. Levitsky, A. (2020, December 30). Facebook no longer has Silicon Valley’s highest employee turnover, LinkedIn user data shows. BizJournals.
  14. Paycheck. (2021). Salary Mark Zuckerberg. PayCheck.
  15. PayScale. (2016). PayScale compares top tech companies. PayScale.
  16. PayScale. (2021). Average salary for Facebook Inc employees. PayScale.
  17. van Romburgh, M. (2019, October 8). Menlo Park officials nudge Facebook to prioritize housing over office at massive Willow Village project. BizJournals.
  18. Williams, M. (2020, July 15). Facebook 2020 Diversity Report: Advancing opportunity for all. Facebook.
  19. Wong, J. (2017, September 26). Facebook’s underclass: as staffers enjoy lavish perks, contractors barely get by. The Guardian.

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Number of Facebook Employees 2022/2023: Compensation, Tenure & Perks - Financesonline.com (1)

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Astrid Eira is a resident B2B expert of FinancesOnline, focusing on the SaaS niche. She specializes in accounting and human resource management software, writing honest and straightforward reviews of some of the most popular systems around. Being a small business owner herself, Astrid uses her expertise to help educate business owners and entrepreneurs on how new technology can help them run their operations. She's an avid fan of the outdoors, where you'll find her when she's not crunching numbers or testing out new software.

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